EURUSD Weekly downtrend opportunity based on 1 Lot Calculation:
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EVENT: Wednesday, June 15, at 20:00 GMT+1 - The US Fed Interest Rate Decision. The U.S. dollar is strengthening on raised expectations for aggressive monetary policy by the end of this year. Many board members vowed to support quicker and bigger rate hike in future, which is supportive for the US dollar;
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ECB announced hikes of 25 basis points in July and September, lifting the deposit rate from -0.5% at present. But there is a great deal of uncertainty surrounding the size of any hikes and the pace of the future tightening, especially with inflation currently running at more than four times the central bank’s 2% medium-term goal.
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The dollar is at the highest level against the euro in the last six years, pointing to further strengthening.
EURUSD, June 13, 2022
Current Price: 1.0485
|
EUR/USD |
Weekly |
|
Trend Direction |
|
|
1.0775 |
|
|
1.0695 |
|
|
1.0605 |
|
|
1.0355 |
|
|
1.0260 |
|
|
1.0180 |
Example of calculation based on weekly trend direction for 1 Lot1
|
Profit or loss Short in $ |
-2,950.00 |
-2,150.00 |
-1,250.00 |
1,250.00 |
2,200.00 |
3,000.00 |
|
Profit or loss Short in €2 |
-2,656.41 |
-1,936.03 |
-1,125.60 |
1,125.60 |
1,981.05 |
2,701.44 |
|
Profit or loss Short in £2 |
-2,214.60 |
-1,614.03 |
-938.39 |
938.39 |
1,651.56 |
2,252.13 |
|
Profit or loss Short in C$2 |
-3,745.05 |
-2,729.45 |
-1,586.89 |
1,586.89 |
2,792.92 |
3,808.53 |
1. 1 lot is equivalent of 100,000 units
2. Calculations for exchange rate used as of 8:50 (GMT+1) 13/6/2022
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Client Manager regarding their use.
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You may wish to consider closing your position in profit, even if it is lower than suggested one
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Trailing stop technique can protect the profit – Ask your Client Manager for more details